Gulph company reported the following results for may sales


Question - Gulph Company reported the following results for May: sales $200,000, variable costs $120,000 and fixed costs $60,000. If Gulph continues with same contribution margin ratio, how much sales for June are required to achieve $50,000 of net income?

A: $500,000

B: $183,333

C: $165,000

D: $275,000

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Accounting Basics: Gulph company reported the following results for may sales
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